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Turning a Business Around: 2nd edition Paperback – January 1, 2002
The Amazon Book Review
Author interviews, book reviews, editors picks, and more. Read it now
"'Inspiring and full of proven steps to help you trade out of tough times.' - HSBC Business Update 'An invaluable guide to companies in trouble or in need of a tool to help them out of a crisis.' - Business Money 'Should come with the words 'don't panic' on the front & be given out to anyone starting up in business! Down to earth practical advice that's not just for businesses in difficulty but for anyone looking to work on their business & not just in it. Use it to manage your bank manager!' - An Amazon Reader"
About the Author
Mark Blayney worked for one of the UK's leading accountancy firms as partner in charge of strategic consultancy and turnaround business. He now runs a strategy consultancy and financing brokerage which specialises in turnarounds and business revenues. He lives in Bishop Auckland, Durham, UK.
Top customer reviews
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"Turning a Business Around" is therefore, an excellent addition to business literature and is a must read for business executives and entrepreneurs. Managers need to know about the signs of danger so that timely steps can be taken to prevent a possible business catastrophe. Liquidating a business has profound implications for various stakeholders. Many employee livelihoods would be ruined. Shareholders and creditors would lose money, potential government tax receipts would be lost, among a long list of adverse implications of business failure.
The book methodically traces the reasons of business failure, gives advice on spotting the warning signs; how finances can be stabilized in a downturn; how one can come up with a practical and effective strategy to get out of a serious business decline and how to ensure that the plan is effectively implemented.
The author uses a simple, easy to follow writing style which ensures that even owner/managers with limited formal training in management can follow and understand the book and be able to implement its recommendations. This is an excellent book that can enable a business to get early warning about trouble when there is still time to do something about it as well as for those who need guidance in a crisis about effective firefighting techniques to avoid business insolvency.
In the current highly competitive global business environment, business failures are very common. This book should certainly assist in preventing some of these failures.